Question: SOURCE: ADAPTED FROM CIMA P1 The following data relate to a manufacturing company. At the beginning of August there was no inventory. During August, 2

SOURCE: ADAPTED FROM CIMA P1 The following data relate to a manufacturing company.

At the beginning of August there was no inventory. During August, 2 000 units of product X were produced, but only 1 750 units were sold. The nancial data for product X for August were as follows:

Which of the values below was the value of inventory of X at 31 August using a throughput accounting approach, as would be used when applying the TOC?
R5 000 R6 175 R6 575 R13 725

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Management Accounting Questions!

The following relate to product R Practice Question Level of activity (units) load 2000 (N/unts) ( Nglunet) Direct matenale 4.00 Dreat Labour 3.00 Production Quehead 3.50 Selling overhead 1.00 O-SO...

SOURCE: ADAPTED FROM CIMA P1 (NOVEMBER 2005) SECTION A, QUESTION 1.1 The following data relate to a manufacturing company. At the beginning of August there was no inventory. During August, 2 000...

1) Which criterion for allocation of overhead (indirect) costs most likely promotes acceptance of the allocation? A. Direct cause-and-effect relationship B. Benefit-received relationship. C....

ACC105 - Unit 1 Study Guide Student: _Michael Garcia - orecbur 1. The sum of all costs of manufacturing costs except direct materials is called manufacturing overhead True Falso direct material...

kindly solve this paper Question 1 Sticky Wicket (SW) manufactures cricket bats using high quality wood and skilled labour using mainly traditional manual techniques. The company has two departments,...

Please see attached Exercise 23-21 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear beside an incorrect entry in the outlined cells. Date June 30...

Question 4 (Total 30 marks) GIANT is a company that produces bicycles and sells them to retailers in China and Hong Kong markets. "Flying (Figure 1) is one of the bestselling bicycle models and it is...

Zhejiang Geely Holding Group: Acquisition of Volvo Cars 1. What were the reasons behind Geely's acquisition of Volvo Cars? Was it a good strategic move? 2. How effectively was the post-acquisition...

Can someone help me with this? I need it by tomorrow chapter 2 Issues in Accounting for Corporate Debt and Equity istockphoto Learning Objectives Be able to articulate the advantages and...

Ten students take a physics test in a certain room. When the test is over the students take a break and then return to the room to discuss their answers to the test questions. If there are 14 chairs...

For which company can trend analysis be most useful? Explain. A software company whose business model and accounting practices have remained stable over time A banking company that recently changed...

If an instrument is acquired as part of a corporate purchase of assets, the holder will have the rights of an HDC . True or False

What steps could a company take to avoid making product design and marketing mistakes when introducing new products into East Germany? How would you go about hiring a plant manager for a facility you...